In 2022, Dutch on-line division retailer Wehkamp, made 433 million euros in turnover. It is a lower of 9 p.c in comparison with the 12 months earlier than. The corporate’s internet loss got here to 22 million euros.
Wehkamp launched its monetary outcomes for 2022-2023, as the corporate’s monetary 12 months ended on March 31st this 12 months. Based on the outcomes, the division retailer generated an EBITDA of 20 million euros.
Larger outcomes than in 2019
Final 12 months, the corporate’s EBITDA reached 46 million euros. Whereas its turnover and the EBITDA decreased strongly, each outcomes are nonetheless increased than pre-covid outcomes. The turnover in 2022 was even 11 p.c increased than in 2019, earlier than the pandemic.
Decrease client spending and inflation will result in diminished revenue margins.
The corporate suspects that this 12 months, decrease client spending and inflation will persist. This can scale back revenue margins. That mixture will result in decrease earnings for Wehkamp, which additionally impacts development assumptions for the years forward.
‘Turbulent time in historical past’
“Normalized EBITDA of 20 million euros underscores the power of our proposition, scale and effectivity, in addition to the dedication of our groups in producing a fourth consecutive 12 months of constructive outcomes. That is such a turbulent time in historical past, marked by a pandemic, battle in Ukraine and its affect on inflation, client confidence and strain on international provide chains. But, we now have been in a position to ship resilient outcomes and proceed to spend money on our multi-facia development technique”, stated Graham Harris, CEO.
‘We now have the platform and operational capability to broaden our enterprise.’
“We now have the technological platform and operational capability to additional broaden our multi-facia enterprise. We additionally proceed to broaden our assortment and develop our personal manufacturers. The menswear class made good progress this 12 months with the launch of a brand new store – Union River, our Non-public Label enterprise has been additional expanded by buying the unique rights to the CoolCat model, our magnificence class has constructed stronger relationships with main luxurious manufacturers, and our youngsters’s attire enterprise at Kleertjes.com now makes use of the group’s logistics and know-how platform.”